Oil prices have surged to nearly $108 following attacks on Saudi energy infrastructure and tensions near the Strait of Hormuz, raising inflation and interest rate worries globally. This rise in oil costs increases transportation and production expenses, making it harder to control inflation and prompting expectations of further Federal Reserve rate hikes. As a result, Treasury yields have climbed, putting pressure on growth-sensitive tech stocks and Bitcoin, which now compete with safer government bonds offering higher returns. The key question remains whether oil prices will stay elevated long enough to sustain inflation and continue influencing these markets.
Bitcoin (BTC) climbed 0.89% to surpass $82,000, with Ether (ETH) also gaining 0.45% near $2,400. The crypto market showed mixed performance: Monero (XMR) and Zcash (ZEC) rose over 2%, while sectors like Layer 1 and CeFi advanced modestly. However, so...
On October 18, Bitcoin (BTC), Solana (SOL), Near Protocol (NEAR), and Hyperliquid (HYPE) traded close to their technical support ranges, showing mixed performance throughout the day. BTC hovered around $80,000–$81,000, SOL near $100–$102, NEAR at $4....
In a snapshot of perpetual futures on October 18, Dogecoin (DOGE) showed the highest positive funding rate among five major cryptocurrencies, at 0.0085% per eight hours (9.3% annualized). This means traders holding long positions in DOGE pay those wi...
Bitcoin's MVRV percentile fell to 25.7%, indicating a valuation below its historical range but not signaling a market bottom. Meanwhile, U.S. spot Bitcoin ETFs experienced $936.3 million in net outflows from October 7-16, following a prior period of ...
Bitcoin has faced multiple rejections near the $87,000 level, causing its cycle-adjusted MVRV percentile to fall to 25.7%, a range historically linked to accumulation rather than market highs. This metric compares Bitcoin's market value to its realiz...
